Securities and Exchange Commission of Pakistan reports 88% of unlisted licensed companies now publish audited financial statements on the PSX portal and launches action against non-compliant firms

The Securities and Exchange Commission of Pakistan (SECP) reported that 88% of unlisted licensed companies are now publicly disclosing their annual audited financial statements through the Pakistan Stock Exchange’s Financial Portal for Unlisted Companies, following an SECP directive. Supervisory actions have been initiated under the applicable legal framework against the remaining entities that have not complied. The directive, issued in January 2025, required all unlisted licensed companies to upload and publicly disseminate their audited financial statements on the dedicated PSX portal, and to sign an agreement with PSX to obtain access and ensure timely disclosure within prescribed deadlines. SECP’s sector-wide compliance drive covered brokers, insurance companies, Non-Banking Finance Companies, Modarabas, and other licensed entities, with reported compliance rising from negligible levels to 88% publishing audited financials via the portal.